All Financial wellbeing articles – Page 8
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ArticleTesco loses Supreme Court case over fire and rehire proposals
Supermarket Tesco has lost its Supreme Court case against Usdaw over what the trade union called proposals to fire and rehire workers on less favourable terms. In 2007, Tesco planned to close some of its distribution centres and offered staff retained pay for them to relocate. It ...
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ArticleMedian pay award falls to 4% for three months to July
The median pay award across the economy fell to 4% in the three months to July 2024, down from 4.8% in June, according to research by Incomes Data Research (IDR). Its latest analysis, which is based on a sample of 39 awards between 1 May and 31 ...
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Supplier articlePluxee UK Answers the Question: What is Financial Wellbeing?
Financial wellbeing has become a regular component of the HR and employee wellbeing conversation, standing out as a distinct area of focus for both employers and employees. While we recognise it as a separate pillar of wellbeing, it connects with other aspects, such as mental, physical, and ...
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ArticleBank of America raises minimum hourly wage for US employees
Bank of America has raised its minimum hourly wage for its US employees to $24 (£18.34) per hour as part of its commitment to increase the rate to $25 (£19.10) by 2025. As a result of the increase, which applies to all full-time and part-time hourly US ...
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ArticleWelsh public sector staff receive pay rise between 5% and 6%
NHS staff, teachers and public sector workers in Wales will receive pay rises of between 5% and 6% in 2024-2025. The pay awards will impact hundreds of thousands of public sector workers across Wales. The Welsh government accepted the pay recommendations from independent pay review bodies in ...
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ArticleA quarter of UK employers think DC pension will provide comfortable retirement
Only a quarter of UK employers think their defined contribution (DC) pension provision will leave their workers with a comfortable retirement, according to research by Willis Towers Watson (WTW). The insurance and financial services firm’s annual Defined contribution pensions and savings report, which surveyed 112 FTSE 350 ...
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ArticleIndian nurse wins interim payout of unpaid wages
An Indian nurse who was sacked by a British care organisation has been awarded a £17,000 payout in unpaid wages. Kirankumar Rathod worked for Clinica Private Healthcare and was dismissed after he raised concerns that he was not being offered enough work. Rathod and a number of ...
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Article47.5% of employers offer financial advice as an employee benefit
Employee Benefits poll: Almost half (47.5%) of organisations revealed that they offer financial advice as an employee benefit, according to a survey of Employee Benefits readers. The same number (47.5%) of respondents said that they do not offer financial advice as an employee benefit, while 5% said ...
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ArticleABM Aviation workers at Stansted Airport accept pay rise
Around 200 workers employed by ABM Aviation at Stansted Airport have accepted a pay rise of 12.4%. The staff, who provide special assistance for the airport’s most vulnerable passengers, are members of trade union Unite. As part of the pay deal, they will also receive sick pay ...
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ArticleAmazon raises minimum pay rates in UK by 10%
Credit: Sundry Photography / Shutterstock.com Retail giant Amazon has awarded a pay deal worth nearly 10% to its tens of thousands of UK employees, just weeks after narrowly winning a union recognition vote at a key facility. The online business said the rise would raise minimum pay ...
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Supplier articleWEALTH at work launches new interactive financial wellbeing platform – ‘money&me’
WEALTH at work is delighted to have launched a new interactive financial wellbeing platform - ‘money&me’.Money&Me helps employees build their knowledge of money through gamified learning and provides a personalised experience that builds over time.It covers a range of financial topics including Managing Money, Tax, Savings & Investments, Financial Health, ...
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ArticlePRS for Music recognised as living wage employer
Image credit: Andi Smallwood Music collective management organisation PRS for Music has been recognised as a living wage employer by the Living Wage Foundation. The employer, which is headquartered in London and has more than 500 employees, has committed to paying every PRS for Music employee a ...
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ArticleExclusive: Asda rolls out workplace savings account benefit for employees
Supermarket Asda has rolled out a workplace savings account benefit for its 150,000 employees as of this week.Asda employees will be able to access a 4.7% annual equivalent rate (AER) workplace savings account, provided by financial benefits platform Wagestream, which is fully protected under the Financial Services Compensation Scheme.Compared to ...
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AnalysisHow to improve employees’ confidence in making pension investment choices
Choosing a pension provider that offers easily accessible and age appropriate investment education can increase employees’ confidence on the topic. Investment fund choices for employees with specific needs or beliefs ensure wider needs are met. Offering financial guidance and advice, as well as signposting to resources, ...
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ArticleStaff spend on essentials and luxury items narrows in 2024
Credit: Julia Sudnitskaya / Shuuterstock.com The amount employees are spending on essentials, such as groceries and home maintenance, and luxury items, such as Amazon vouchers or technology products, through reward schemes has narrowed, according to research by YuLife. The benefits and reward provider surveyed higher-earning white-collar workers ...
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ArticleNHS Professionals and Schroders sign up to heating benefit scheme
NHS Professionals, Clear Bank, advertising and public relations agency Havas and asset management firm Schroders have signed up to a home heating employee benefit scheme. The benefit, which is provided by home improvement consultancy Heat Scheme, will give their employees access to one-to-one consultations, heating efficiency assessments ...
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ArticleThe top 10 most read articles between 23 - 29 August 2024
The top 10 most read articles between 23 - 29 August 2024 on employeebenefits.co.uk were: Allpay introduces Hereford Gift Card as staff reward Next workers win equal pay claim Increased workload behind mental health absences for 40% of employers Scottish Power Energy Network workers accept pay ...
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Article27% of working parents feel guilty about unplanned time off to care for poorly child
Over a quarter (27%) of working parents in the UK would feel guilty about taking unplanned time off work, or out of their business, to care for their poorly child, according to research by MetLife UK. The protection and employee benefits provider’s survey of 3,003 working parents ...
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Case StudiesMid Yorkshire Teaching NHS Trust ensures its benefits provision meets staff needs
Mid Yorkshire Teaching NHS Trust looks after more than half a million people each year in their homes, in the community and across its three hospitals. To deliver this service it employs around 10,000 people, working in roles from administration and cleaning to nursing. Alongside a defined ...
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Article33% of retirees worry about being unable to meet living costs
One-third of retirees (33%) have concerns about being unable to meet living costs, according to research by Legal and General.Its survey of 1,000 retirees, which was carried out in partnership with the University of Sheffield, found that 38% of retiree respondents fear unexpected expenses during retirement, and 36% are anxious ...